*****CRUDE OIL COLLAPSE CONTINUES*****
Saudi Arabia to continue GLOBAL OVERSUPPLY
Saudi Arabia to continue GLOBAL OVERSUPPLY
CRUDE OIL prices fall further
NATURAL GAS crashing also
OPEC plans to continue to OVERSUPPLY GLOBAL CRUDE OIL MARKET
This is simply more proof that we've been lied to as consumers and now we hopefully will reap the benefits of lower cost fuel for at least a few years. However in these days of manipulated markets don't be surprised to hear a month from now that the world is in danger of running out of oil and all the peak oil concerns will be making headlines again. In the meantime when something is too good to be true it probably is:
Has the ENERGY MARKET changed?
Some say there is really a falling demand worldwide for crude oil as vehicles are much more fuel efficient and alternative fuels are being introduced along with electric vehicles. Also solar and wind power along with power plants that have converted over to natural gas have caused a completely new setup for the ENERGY SECTOR and the old fossil fuels are no longer as necessary as they used to be. The crude oil market may be in for further financial depletion:
...developing...
